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Article: Nasdaq goes on attack, claiming LSE 'milks' its dominant position ; BUSINESS
- Article from:
- The Independent (London, England)
- Article date:
- January 9, 2007
- Author:
CopyrightCopyright 2007 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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The Nasdaq turned tough yesterday, accusing the London Stock
Exchange of "milking its dominant position" in an "unsustainable
manner" in its latest attempt to win over LSE shareholders.
The US exchange also launched an attack on the LSE's directors,
claiming they had placed "independence before shareholder value" and
said the LSE's share price would fall sharply if its hostile bid
failed.
The latest circular from the Nasdaq provoked a strongly worded
response from the London Stock Exchange, which rejected its
arguments and accused the Nasdaq of making statements that were
"blatantly misleading" and indulging in little more than "bluster".
An LSE insider said: "It's rich to criticise the ...